New study claims Detroit is overvaluing some of the city's least valuable homes
Michigan law states that cities cannot assess homes at more than 50% of their market value.
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Michigan law states that cities cannot assess homes at more than 50% of their market value.
It will be enforced this fall, and sellers who fail to get a HERD report will face a $500 fine.
The White House is proposing a "mortgage relief credit" that would give homebuyers an annual tax credit of $5,000 for two years.
It's worth politely asking your agent to lower their commission fee. More than half of those who do so are successful.
Friedman Real Estate purchased the Renaissance Center Towers in downtown Detroit for $15 million.
Mortgage rates recently hit their highest levels in more than two decades, pricing many out of the market. Here's what to expect in 2024.
According to Redfin, roughly 6% of home sales resulted in a loss to the seller, and that number has doubled since last year.
Americans flocked to suburban areas during the pandemic — one of several reasons why rent increases there have outpaced urban areas.
Kenny Parcell, the trade group's president, steps down after a New York Times report alleged he sexually harassed multiple women.
There are several reasons why it's taking longer for millennials to buy property, one of which is they're being outbid by boomers.
A decade ago, a typical newly built home cost $60,000 more than an older property. Now existing homes can cost just as much.
A Detroit rapper and TikTok star hopes to revitalize the neighborhood he grew up in with his "Buy the Block" campaign. After months of work, he's made his first purchases.
The surge in real estate prices, coupled with rising mortgage rates, has made buying a home prohibitively expensive in most larger cities.
A little-known surcharge set to change on May 1 could impact consumers in different ways.
With all-cash offers, there's less chance of a sale falling through and usually a faster closing.
The gap between renting an owning is the largest it's been in more than 15 years, an industry analysis found.
As the spring homebuying season approaches, affordability is at its lowest point in history, one economist said.
Federal officials say Sean Tissue faces a maximum of 20 years in prison for wire fraud and five years for bankruptcy fraud.
A Ferndale home has hit the market, and let's just say, this one is unique.
Buyers are getting squeezed by higher real estate prices and soaring mortgage rates, which could force more out of the market.
The Cleveland, Ohio-based home was last bought on eBay in 2004, but has undergone a "massive renovation" since.
Though housing prices have soared in many parts of the country, and inventory is way down, real estate sales may still be stronger in 2021.
Uri Rafaeli is a retired engineer who lost his home for not paying his property taxes in full. He owed $8.41, and yes that is correct, he lost his home for about the price of a movie ticket.
What should be a high right now in the housing market, Detroit is leading the nation in the decline of home sales.
The website Insurify just released a list of the up and coming cities across the country who have the most promise for home values. The city in Michigan that made the list you might find surprising.
What started as a routine trip to Taco Bell has turned into a nearly two-week hospital stay for Southfield resident Ella-Salone Jones. She shares her story amid a multistate cyclosporiasis outbreak.
For Joseph and Johnathan Rinehart in Clarkston, Michigan, wiffle ball is not just a friendly game; it's an opportunity to bring people together and uplift a local historical church in need.
The Grosse Pointe Park City Council says it took inspiration from another nearby city after St. Clair Shores made a change to Express Waste last month and saw how much better it's been.
The man told officers that the animal remains were part of a personal religious practice that he believed would protect him from death.
Records show that the Wayne County Airport Authority's bid was listed as the "highest and best," and that no other qualified bids were submitted by the July 16 deadline.
Windsor Mayor Drew Dilkens says he still plans to celebrate the opening of the Gordie Howe International Bridge after Canada withdrew from a joint event with the U.S.
What started as a routine trip to Taco Bell has turned into a nearly two-week hospital stay for Southfield resident Ella-Salone Jones. She shares her story amid a multistate cyclosporiasis outbreak.
For Joseph and Johnathan Rinehart in Clarkston, Michigan, wiffle ball is not just a friendly game; it's an opportunity to bring people together and uplift a local historical church in need.
The Grosse Pointe Park City Council says it took inspiration from another nearby city after St. Clair Shores made a change to Express Waste last month and saw how much better it's been.
The number of cyclosporiasis cases in Michigan has topped 7,100 as health officials continue to track a parasite that can cause diarrhea and nausea.
Many newer vehicles are equipped with high-efficiency cabin air filters capable of capturing a significant amount of fine particulate matter.
Lawmakers in Michigan are working to push legislation that would stiffen penalties on noisy vehicles with exhaust modifications.
As the United States marks its 250th birthday, Ford Motor Company is showcasing more than a century of automotive history in a new exhibit that explores the company's role in shaping America.
The Detroit Auto Show has spent more than a century evolving alongside the auto industry. It has grown from a small, local exhibition into one of the world's premier automotive events.
The Pontiac Star Car Reunion at the Oakland Expo Center features a wide range of vehicles.
Behind every video is a true family effort.
Concerns surrounding air quality are prompting event organizers across Metro Detroit to make adjustments to their festivities or cancel altogether.
The few who aren't open for business on Thursday say it's out of concern for their employees' health and to protect their art.
Bonnie Tyler, the Welsh pop star best known for singing the chart-topping power ballad "Total Eclipse of the Heart" in 1983, has died. She was 75.
The nominations for the 78th annual Primetime Emmy Awards were announced Wednesday morning in Los Angeles, with the final season of HBO Max's "Hacks" setting a new record for the most nominations in a single year for a comedy series.
Windsor Mayor Drew Dilkens says he still plans to celebrate the opening of the Gordie Howe International Bridge after Canada withdrew from a joint event with the U.S.
Sen. Gary Peters told Defense Secretary Pete Hegseth at a Senate hearing that he bears personal responsibility for the lack of a winning strategy in the ongoing war with Iran.
A generic version of the allergy medication Zyrtec is under recall across the U.S. over cross-contamination concerns.
Democrats in the Senate and House are investigating the origins of a DOJ legal opinion that would make it easier for states to keep people with mental illness in institutions, rather than helping them to live at home.
Rising gas prices, an unpopular war in Iran, and auto industry tariffs have fueled Republican concerns in Michigan ahead of the state's Aug. 4 primary.
What started as a routine trip to Taco Bell has turned into a nearly two-week hospital stay for Southfield resident Ella-Salone Jones. She shares her story amid a multistate cyclosporiasis outbreak.
A generic version of the allergy medication Zyrtec is under recall across the U.S. over cross-contamination concerns.
The number of cyclosporiasis cases in Michigan has topped 7,100 as health officials continue to track a parasite that can cause diarrhea and nausea.
The number of cyclosporiasis cases in Michigan continues to grow in the hundreds each day as health officials track a parasite that can cause diarrhea and nausea after contaminated food is eaten.
While the U.S. Food and Drug Administration is still working to identify the source of a parasite that has caused a cyclosporiasis outbreak, a Michigan doctor says officials are closer than you think to solving the case.
For Joseph and Johnathan Rinehart in Clarkston, Michigan, wiffle ball is not just a friendly game; it's an opportunity to bring people together and uplift a local historical church in need.
Chicago collected 11 hits while improving to 23-10 in its last 33 games, bouncing back nicely after losing 8-6 in 10 innings in the series opener on Monday night.
U-M President Domenico Grasso announced Monday that Manuel will leave the role by the end of the year, as a third-party culture review found failures to act on allegations of wrongdoing within the athletic department.
A Detroit nonprofit's annual summer celebration was in jeopardy after 400 pairs of shoes were stolen from its warehouse. Thanks to the community, Hoopfest was able to move forward.
Ryan Johnson struck out five and allowed one run in five solid innings, Jorge Soler and Zach Neto delivered RBI hits and the Los Angeles Angels snapped a four-game skid with a 3-2 win over the Detroit Tigers.
The conversation turns to rising auto insurance rates across Michigan and new legislative bills in Lansing that would help stem the tide.
The Democratic side of the aisle had an intriguing development earlier this week when state Rep. Mallory McMorrow suddenly dropped out of the contest
Former NBA All-Star/entrepreneur Jalen Rose, DTE's Trevor Lauer and Oakland University president Ora Hirsch Pescovitz headline an all-star Michigan Matters episode.
Mark Hollis, COO of Rocket Entertainment and tournament director of the PGA Tour's Rocket Classic, appears on Michigan Matters.
Former U.S. Energy Secretary and Michigan Gov. Jennifer Granholm appears exclusively on CBS Detroit's Michigan Matters.
The University of Michigan men's basketball team didn't let a coaching change affect its rosters, and two brothers are hoping to become the future of the Detroit Red Wings.
A community brought together by a wiffleball. The Rinehart Wiffle Ball League really knocked it out of the park when it used its momentum for a good cause.
Some areas will see lows drop into the upper 40s tonight.
The Grosse Pointe Park City Council voted unanimously to approve a new contract with Express Waste Services and replace Priority Waste. The council says it took inspiration from another nearby city after St. Clair Shores made a change to Express Waste last month and saw how much better it's been.
A Farmington Hills, Michigan, man accused of illegally dumping animal remains at a Southfield cemetery has been charged.